Fri, 24 Jun 2016 | MERGER
Despite the shocking news that Britain has voted to leave the European Union, the London Stock Exchange (LSE) Group and Deutsche Boerse have vowed to push through their proposed $30 billion merger.
The companies behind both stock exchanges said that the outcome of the EU referendum did not fundamentally change the rationale behind the merger plans. Both the LSE and Germany-based Deutsche Boerse have said they will now continue to push their case through the regulatory approval process.
In a joint statement made on Friday 24 June, when the final EU referendum result was known, the companies said: "The combined group's capabilities, including global reach, distribution network across Europe, Asia and America, brand strength, financial resources and deep customer relationships, remain well positioned to serve global customers irrespective of the result of the referendum.”
In addition, both stock exchange groups have urged shareholders to back the merger deal.
Joachim Faber, the chairman of Deutsche Boerse, added in a statement reported by Reuters: "We are convinced that the importance of the proposed combination of Deutsche Boerse and [the London Stock Exchange Group] LSEG has increased even further for our customers and will provide benefits for them as well as our shareholders and other stakeholders.”
LSE shareholder will have until 4 July 2016 to make their final decision about whether to back the proposed merger at a general meeting. Corresponding Deutsche Boerse shareholders will have until 12 July 2016 to make their own decision on the deal.
Providing designs that are practical but creative and often innovative, to meet the specific needs of its clients. Supporting sustainable construction methods and experienced in eco-friendly structures such as PassivHaus. Offers invited.
LEASEHOLD
An established, proven brand and assets for sale, with considerable multi-million pound growth potential. The company is a designer and supplier of an established audio and wearable technology brand. The products seamlessly link three multi-billion-p...
RELOCATABLE
Offers a diverse range of commercial refrigeration and air conditioning equipment throughout the UK. Benefits from maintenance contracts and reactive maintenance. Possesses a strong understanding of all types of cooling solutions and is able to fully...
FREEHOLD
|
19
|
|
Nov
|
UK government set to approve Cobham takeover | BUSINESS SALE
The British government is poised to approve the $5 billion t...
|
18
|
|
Nov
|
Kitwave acquires Alpine Fine Foods | BUSINESS SALE
Independent wholesaler Kitwave has acquired Alpine Fine Food...
|
15
|
|
Nov
|
Carpetright agrees to shareholder takeover deal | BUSINESS SALE
Carpetright has agreed a deal to be taken over by its larges...
Sign up to receive our acquisition alert emails to get your FREE guide
|
06
|
|
Aug
|
Titanic shipbuilder capsizes while vultures circle | ADMINISTRATION
Insolvency specialists at BDO have been appointed administra...
|
09
|
|
Aug
|
Mutares to acquire Knorr-Bremse subsidiaries | BUSINESS SALE
Knorr-Bremse is set to sell its UK subsidiaries to Mutares, ...
|
18
|
|
Jun
|
Norwich restaurant put up for sale | BUSINESS SALE
The Library Restaurant, based at Guildhall Hill, Norwich, ha...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources